What Laundry Payment System is Right for you?

April 14, 2020 | FasCard

Whether you currently own a laundromat, are looking to invest in a laundromat, or own a multi-housing property, there is a payment system that will fit your needs. There are several factors to consider when deciding which payment system to choose. Here are the top 4 things to consider when choosing a laundry payment system.

1. What types of payments do you want to accept?

If you’re not ready to completely part with coins, a hybrid system is a good fit for you. Hybrid systems allow you to still accept coins, while giving your customers the option to also pay with credit/debit cards, physical loyalty cards and a mobile app.

If you’re ready to ditch coins for good and have 40 or more machines, a full card system is the way to go. Owners who are interested in implementing card only loyalty programs favor complete card systems.

If you’re looking for a more cost-effective coin replacement solution, but also want the freedom to add additional payment options later, you’ll want to look into a flexible system.

2. How do you want to manage your store?

With more owners wanting to spend less time in their stores, remote management is an important factor when choosing a payment system. Make sure the system you choose provides the ability to remotely change your prices incrementally whenever you decide. Instead of raising prices by only quarter increments, you can easily just adjust it by just pennies at a time, all from your laptop or smartphone.

Make sure the system you choose allows you to run reports, configure alerts, and monitor the status of the system and all equipment remotely. Monitoring this information can be conveniently accessed from any device, regardless of whether you are in the office, traveling, or at home.

Don’t forget to consider employee management. You’ll want to find a system that allows you to remotely create, edit and monitor employee work schedules and task duties for multiple locations. A product that allows employees to use the system to clock in and out of their shifts, view work schedules and check off when they have completed scheduled tasks is ideal.

3. What is the cost/benefit analysis?

While cost is likely high on your list as an important decision factor in which laundry payment system to choose, it’s important that you don’t sprint for the cheapest product out there. Do your research. Why is one product more expensive than another? Does it have more features? What is the long-term payoff?

Remember, a laundry payment system is an investment in your business and it’s important to choose a product that provides true value.

4. What about loyalty programs?

Laundry card systems do much more than simply provide an alternative payment method, they build customer loyalty. You can reach new sales goals with integrated loyalty programs like Loyalty Points, Bonus Packages, Free Dry, Group Discounts and more.

Loyalty card programs serve as your base of operations for both customer retention and the forward-thinking marketing promotions that drive new business, so it’s important that the payment system you choose incorporates them.

 

All of these factors are important to consider when choosing a laundry payment system. Once you’ve determined what payment system is right for you, it’s important to choose a payments partner to process those transactions.

Contact us today and let our experts help you find the best system solution that fits both the needs of you and your customer!

 

 

 

 

 

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